Onodrim Industries raises $300 million in Series A round valued at $1.3 billion

AMSTERDAM, November 9, 2026 /PRNewswire/ -- Onodrim Industries ("Onodrim"), the European scale-up platform for defense and industry, announced today a Series A funding round of $300 million led by Lux Capital, with participation from new and existing investors including General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090, and Expeditions. This operation values Onodrim at $1.3 billion and follows a previous funding round of $45 million announced in recent months.

Funding Utilization

Onodrim will use the raised capital to acquire established companies in aerospace, defense, and industrial manufacturing. The company aims to acquire controlling stakes with permanent capital, without a predetermined exit horizon, providing cutting-edge technologies and operational and commercial expertise to accelerate growth. Onodrim focuses on dual-use companies active in critical sectors, from components to services and finished products, capable of addressing significant bottlenecks in the European defense industry. Onodrim and its companies share the mission of strengthening the European industrial and defense base.

Expansion Plans

Onodrim plans to announce its first acquisitions in the coming months. The company is also expanding its presence in Europe with the opening of Onodrim Germany in Munich and Onodrim Italy in Turin, adding to its existing offices in Amsterdam, London, and Vilnius. "Italy is the second largest manufacturing country in Europe and has an excellent aerospace and defense supply chain, often built over decades by entrepreneurial families," said Simone Vesco, Group EVP Strategy and Head of Italy at Onodrim. "Many of these companies, however, lack the financial, managerial, or technological resources to fully seize the growth and changing demand in the coming years. From Turin, one of Europe's main aerospace hubs, we offer them a partner with permanent capital, without exit goals, preserving identity, people, and territory, and providing resources to strengthen partnerships with end customers and compete on a European scale. For us, an acquisition is the beginning of a growth journey with the company and its customers, not a financial operation with a deadline."